Greek smart phones to solve insolvency

Funny story written by Aspartame Boy

Thursday, 17 May 2012

ATHENS - The birthplace of democracy has spawned an even more useful invention: a replacement for the Euro. New smart phones will empower Greeks to issue credit on their smart phones from nothing, just like the big German banks do it.

Now, according to our Anonymous source, when a Greek walks into a store to buy some bread in the post Euro world, he just borrows some "Smartmas", the new currency in Greece from the shop owner. They just hold their phones together and the loan is completed. The new money can then be used in the store, or elsewhere. Interest is of course paid on the loan until paid back by the customer.

All transactions can have the choice of creating money, or using money already created. The transactions are recorded by a central "cloud" computer that keeps score and assigns credit ratings. It turns out that money has just become a fancy IOU with government corruption attached. This new system leaves out the government, and the corruption. Of course, government officials are expected to abuse the system, but at least no more Euro is required.

The cloud system will be managed by Anonymous. They already hack all the money they need anyway, so it is expected they can be trusted.

The funny story above is a satire or parody. It is entirely fictitious.

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